Sentences with phrase «by the policyholder in»

Also, as permanent insurance, the cash value account in universal life grows tax - deferred and can be accessed by the policyholder in the form of loans or withdrawals, subject to any applicable policy provisions.

Nationwide began as a small mutual auto insurer owned by policyholders in 1925.

A good financial plan with returns and life coverage invest the premium as paid by the policyholder in the stock market and gives them returns which are comparatively volatile as they depend on the performance of the stock markets.

An insurance contract is based completely upon the info given by the policyholder in proposal form.

The annuity begins after a time period as specified by the policyholder in the annuity contract.

The premium net of applicable charges can be invested by the policyholder in a choice of seven funds for investment.

The premium net of applicable charges can be invested by the policyholder in a choice of three funds for investment.

Premium is invested after adjusting the required charges as per the decision made by the policyholder in a choice of 5 funds namely Secured Fund, Balanced Fund, Smart Fund, Growth Fund and Prima Fund

Add - on covers under the car insurance policy that can be opted for by a policyholder in order to avail better enhanced coverage for his car under the insurance plan.

The company returns the first premium that was paid by the policyholder in this cooling period.

(Unique Identification Number) for LIC Jeevan Shikhar Plan that is 512N305V01 which has to be quoted by the policyholder in all relevant documents while buying the policy.

An Insurance Contract promises to pay a Lump sum Amount or Sum Assured in return for the premium paid by the policyholder in the event of an unfortunate event.

Not exact matches

Mutual insurance companies don't have shareholders and are, in essence, owned by their policyholders.

Mutual life insurance companies are owned by their policyholders so, if the insurer brings in more money than is spent, the profits are distributed as dividends.

A prominent business magazine, Caixin, said in May 2017 at least 30 billion yuan ($ 4.3 billion) of that money really came from premiums paid by policyholders — a violation of insurance regulations.

A policyholder could find itself in the position of recalling on its own initiative or being asked by FDA to recall based on this «reasonable probability» standard, but not being able to satisfy the definition of «accidental contamination» under its specialty policy because it can not prove its product was W With the frequency of costly product recalls on the rise, many companies have considered purchasing specialty recall coverage to secure coverage for certain recall - related losses that are often excluded from general liability and property policies.

The matter is complicated by the fact that 300,000 policyholders have died since the compensation scheme began, although the Treasury insists that some headway has been made in this respect.

Our members» interest in governance has always been driven by their desire to generate value for policyholders over time.

Every New Yorker who pays for home, auto or business insurance would foot the bill: In the event of PRI's demise, its unpaid claims would be paid by the state's insurance company guaranty fund, with the cost ultimately passed on to policyholders statewide.

Your premium not only pays for the cost of insurance, but is also invested in an account managed by the insurance company and shared with all other par policyholders in Canada.

Lightning strikes were responsible for $ 739 million in homeowners insurance losses incurred by nearly 100,000 policyholders last year, an increase of 9.7 % from 2013, according to the Insurance Information Institute.

* Annualized Premium shall be the premium payable in a year chosen by the policyholder, excluding loadings for modal premiums, if any, and applicable taxes.

Mutual insurance companies don't have shareholders and are, in essence, owned by their policyholders.

* Annualised Premium shall be the premium payable in a year chosen by the policyholder, excluding the underwriting extra premiums and loadings for modal premiums, if any.

It's the same premise as TRIA, which was recently reauthorized by Congress, designed to keep insurance companies stable for their policyholders while still offering the coverage in a form that people can purchase if they want it.

* Annualized Premium shall be the premium payable in a year chosen by the policyholder, excluding the underwriting extra premiums and loadings for modal premiums, if any.

In order to protect all policyholders, the adjuster needs to be certain that liability should, in fact, attach to the insured and the carrier before stating that it does by paying the claiIn order to protect all policyholders, the adjuster needs to be certain that liability should, in fact, attach to the insured and the carrier before stating that it does by paying the claiin fact, attach to the insured and the carrier before stating that it does by paying the claim.

Essentially, you, as a policyholder, get to participate in the profits of the company (as determined by the insurer once they've paid all death benefits and other business expenses).

A type of uninsured / underinsured motorist coverage in which policyholders can «stack,» or combine the limits of the uninsured / underinsured motorist coverage they purchase for each of their insured vehicles to help cover the cost of damage from an accident caused by an uninsured or underinsured driver.

Since the premiums that are paid by the policyholders is an important chunk of their earning, it is, therefore, important to invest and put in money smartly without ripping the financial condition.

As a mutual company, Northwestern Mutual is owned by its policyholders, some of whom are eligible to share in annual dividends when the company does well.

Unlike term, a permanent life insurance policy will stay in force, unless it is canceled by the policyholder or the premium stops being paid for the coverage.

If, in the policy's first year, the policyholder contributes an additional $ 5,000, these paid - up - additions boosts the policy's cash value by $ 5,000 immediately while increasing the death benefit by $ 25,000.

Mutual insurance companies are not owned by shareholders but rather by the participating policyholders, who share in the ownership rights of the company, as well as take part in the company's profits through dividends.

A policyholder might uncomfortable taking on the risk of their boyfriend or girlfriend by including them in their coverage.

In addition to damages caused by a fire, coverage also commonly includes loss of use coverage for situations when a policyholder must evacuate their residence.

The «property intelligence» and research firm MSB estimates that as many as 68 % of U.S. homeowners are underinsured by an average of 18 %, while a June 6, 2008 study done by consumer advocate United Policyholders found that 75 % of the homeowners affected by the devastating 2007 Wildfires in San Diego and San Bernardino Counties were underinsured at an average of $ 240,000 per home.

In case of unfortunate death of the Life Insured the death benefits of the policy are received by the nominee or the Policyholder.

The average renters insurance rate for a sample policyholder and property was $ 187 per year in 2016 and California's was $ 321, according to a study by ValuePenguin.

Fund Switch is a facility available only in Unit Linked policies allowing the Policyholder to change the investment pattern by moving from one Investment Fund / s to another among the Investment Funds offered under the underlying product of the Company.

By the year 1908, the company had more than 50,000 policyholders, and by 1915, it had more than $ 100 million of life insurance in forcBy the year 1908, the company had more than 50,000 policyholders, and by 1915, it had more than $ 100 million of life insurance in forcby 1915, it had more than $ 100 million of life insurance in force.

Even in states that require all riders by law to wear helmets, insurers can not police which policyholders are protecting themselves with a helmet.

But a third category of investment that also showed an increase in Canadian confidence are segregated funds — a type of investment fund administered by Canadian insurance companies that give policyholder death benefit guarantees.

7) As I suggested regarding ACA Capital Holdings, they ended up owned by their policyholders, who get an equitable interest in the assets of the company, though not enough to settle their claims.

Insurance companies are in the business of assessing the risk presented by potential policyholders.

Combined ratio, also called «the combined ratio after policyholder dividends ratio,» is a measure of profitability used by an insurance company to gauge how well it is performing in its daily operations.

Dividends are a portion of the life insurance company's profits that is paid to policyholders who, by purchasing life insurance, are investing in the life insurance company's growth.

In case of emergency, the first thing to do by the policyholder (or a person on his / her behalf) is to contact the Call Center within a maximum of 24 hours and obtain proper guidance.

Underwriters need to consider carefully the information provided by policyholders at inception and be more pro-active in seeking out further information which may be material to the underwriting of the risk.

If an insurer has reneged on its obligation to you or a policyholder claims your company is acting in bad faith, contact Buscemi Hallett LLP by calling 619-821-9163 or by sending us an email.